Denali Advisors LLC Buys 15,221 Shares of QCR Holdings, Inc. (NASDAQ:QCRH)

Denali Advisors LLC grew its stake in QCR Holdings, Inc. (NASDAQ:QCRH) by 31.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,199 shares of the bank’s stock after purchasing an additional 15,221 shares during the quarter. Denali Advisors LLC’s holdings in QCR were worth $5,177,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. purchased a new stake in QCR in the 3rd quarter valued at $54,000. Quest Partners LLC purchased a new position in QCR during the 3rd quarter worth $62,000. R Squared Ltd bought a new stake in shares of QCR in the 4th quarter worth $64,000. Point72 DIFC Ltd purchased a new stake in shares of QCR in the third quarter valued at about $65,000. Finally, New York State Teachers Retirement System bought a new position in shares of QCR during the third quarter valued at about $111,000. Hedge funds and other institutional investors own 70.01% of the company’s stock.

Insider Transactions at QCR

In related news, EVP Nicole A. Lee acquired 1,094 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of $78.47 per share, for a total transaction of $85,846.18. Following the completion of the acquisition, the executive vice president now owns 1,881 shares of the company’s stock, valued at approximately $147,602.07. This represents a 139.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.70% of the company’s stock.

QCR Trading Down 0.5 %

Shares of QCRH stock opened at $75.72 on Wednesday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.99 and a current ratio of 1.02. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 11.28 and a beta of 0.97. QCR Holdings, Inc. has a 52-week low of $54.37 and a 52-week high of $96.08. The company has a 50-day simple moving average of $79.25 and a two-hundred day simple moving average of $79.93.

QCR (NASDAQ:QCRH) last released its earnings results on Wednesday, January 22nd. The bank reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.19. QCR had a return on equity of 12.68% and a net margin of 19.06%. Research analysts anticipate that QCR Holdings, Inc. will post 6.82 EPS for the current fiscal year.

QCR Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Wednesday, March 19th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.32%. The ex-dividend date is Wednesday, March 19th. QCR’s dividend payout ratio is presently 3.58%.

QCR Profile

QCR Holdings, Inc, a multi-bank holding company, provides commercial and consumer banking, and trust and asset management services. The company’s deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. It also provides various commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals, and government agencies.